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't more than a little ramp. those voices have been buried behind the simplicity of a fiscal cliff. the press loves a deadline. >> the press loves a deadline and loves colorful language like fiscal cliff. thanks for joining us. >>> at the top of the hour, state of the union has republican reaction to the president's interview on "meet the press." did we really need to go haywire over david petraeus? mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love w
and watching. thank you. >> thank you. >>> deadline for that fiscal cliff, well, we have said it, 32 hours. we will bring you the latest on its major sticking points. ♪ [ woman ] ♪ what i want this season ♪ if you'd like to try and guess ♪ ♪ it is something very special ♪ i would readily confess [ dogs barking ] ♪ 'cause all i want this season ♪ ♪ is something from your heart ♪ la da da, la da da [ male announcer ] thinking of others this holiday season, travelers.
in the clubs. one person knew what the fiscal cliff was. >> thank you. happy new year. >> happy new year, don. >> this week's moment next. why should saturday night have all the fun? get two times the points on dining in restaurants, with chase sapphire preferred. good afternoon. chase sapphire. (push button tone) this is stacy from springfield. oh whoa. hello? yes. i didn't realize i'd be talking to an actual person. you don't need to press "0," i'm here. reach a person, not a prompt whenever you call chase sapphire. and this is the nokia lumia 920 from at&t. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers. so i hired todd to handle it for me. todd, gimme that hollywood news! what's happening on twitter? you're trending! yes! you can't have a todd, but you can have your own personal assistant. i guess you could call it todd. [ male announcer ] the new nokia lumia 920 with live tiles that deliver what you want in real time. only from at&t. rethink possible. that deliver what you want in real ti
. i bring it up in the clubs. one person knew what the fiscal cliff was. >> thank you. happy new year. >> happy new year, don. >> this week's moment next.
the effective? >> thank you for having me. the payroll tax is one of the components of the fiscal cliff. as the article points out, most of the discussions and plants have not involved in extending that to read what that means is, the first paycheck in january, federal withholding for social security will increase and take- home pay will drop by about 2%. host: from what you have seen and heard of the negotiations going on back and forth between the white house and senate and house, what other items are you most concerned about regarding how going over the cliff will affect the average american? guest: most of the discussion thus far has focused on the individual income tax provision that for the most part had been in affect for the past 10 years or so. one aspect of the fiscal cliff does not actually -- is not about 2013 taxes. but it still left over business from 2012. congress has not yet enacted its annual fixed to the alternative minimum tax. if no action is taken, and a lot of people have probably not even heard of the alternative minimum tax. it would insnare more than 30 million
. thanks for being back. if we go over the fiscal cliff works comes out on top? >> it sounds like the president does, after all, he's the won the election. the polls show that the american people for the most part favor some sort of tax increase for the wealthy, but quite frankly the losers are just about everybody. certainly those who are in the position to need unemployment insurance, federal workers, those who are beholden to the government, that type of thing, and i think that also the political system in the united states is a loser. i really do believe that the polls bear this out, that people are really getting disgusted with all the players in this game, and they want to see it stopped. >> let bring in paul cain, congressional correspondent for the "washington post." you know, to what bob was just saying americans are shaking their heads at all of this, just watching this blame game and wondering where are we going with this. >> you know, melissa, the other night mark begich, freshman senator from alaska when he was walking out friday night, he called it political schizoph
. that's the fiscal cliff. we reach the brink in two days. let's go live now to dana bash on capitol hill. because of news of a setback. dana, what do we know? >> that's right. we got this word from democratic sources about a half an hour ago. maybe a little bit more. that they consider a major setback to be going on right now. a poison pill, something that the republicans offered last night and democrats rejected today. it's called technically chain cpi, the buzz word for it. what it means for real people and real terms, would be that social security recipients would see smaller checks on a monthly basis and that's why democrats are saying that this is a nonstarter. the president did propose this to the house speakers as part of a larger deal. he even talked about it again this morning on nbc, the president. but democrats are saying that they simply do not see this in this miner, smaller mini deal. they don't want to deal with the entitlement issue at all until a later date when they can deal with it in a broad sense. here's an example of what we heard a half hour ago from the republican
to the fact that if we do go over the fiscal cliff, this is just the start of a long set of unpleasant negotiations. good to see you, gentlemen. >> thank you. >>> coming up, with just under 30 hours to go before the country goes over the fiscal cliff, we'll talk to senator bernie sanders of vermont. where he thinks we're going next. >>> and coming up, david gregory's interview with president obama on "meet the press." our special coverage will continue after this. ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp, an organization serving the needs of americans 50 and over for generations. so it's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out
is on the fiscal cliff. washington has less than 48 hours to make a deal before billions in tax increases and spending cuts take effect. senate negotiators stayed late into the night trying to work out a plan that would pass a vote. both houses of congress would convene later this afternoon in a rare sunday session. in his weekly address, the president took his message directly to the public calling for congress to come together to pass a deal. >> for the past couple months, i have been working with people in both parties with the help of business leaders and ordinary americans to come together around a plan to grow the economy and shrink our deficits. it's a balance plan. one that would protect the middle class, cut spending in a responsible way and ask the wealthiest americans to pay a little more. and i'll keep working with anybody who's serious about getting a comprehensive plan like this done because it's the right thing to do for our economic growth. but we're now at the point where in just a couple of days the law says that every american's tax rates are going up. every american's
taking things down the road. thank you both very much. >> thank you. tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does n move fast, you're going to get note that the supermarket, and you're going to pay a lot more fr that milk and cheese . hurricanes and the victims need help. waington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. tr
, senator john thune spoke with reporters on where things stand on the fiscal cliff. >> where do things stand as far as a republican deal? >> republicans advanced a proposal last night and you heard senator mcconnell talk about it on the floor. we're still waiting for a counteroffer. there was an indication we would receive the by 10:00 this morning, but discussions still continue. senator mcconnell and vice president joe biden are continuing to discuss this and we think there still could be a path forward. democrats have come out and made a huge deal out of changing this and republicans are very concerned that it should not be used as an offset to reduce or replace some of the spending cuts that would occur and democrats put forward an alternative. this is a process. there's a lot of give-and-take going on. republicans do not want to see new revenue, democratic tax increases, being used for new spending. that is where many members are drawing the line. >> you all want to use this technical level, but it would really affect social security recipients in the sequester. democrats want to
>>> this weekend is about the battle of the countdowns, the countdown to the fiscal cliff and the countdown to kickoff at fed ex field. thank you for joining us for the news at 10. i'm maureen umeh. attention-filled weekend as lawmakers try to beat the fiscal cliff clock and the redskins host the cowboys in one of the most crucial games of the season. we'll get to those stories in a moment. first, it was not quite the winter wonderland many of us hoped for. for a few hours, many of us saw the snow make an appearance today and now that most has turned to slush, forecasters are worried that near-freezeing temperatures could make for a dangerous situation on the road. tucker barnes has more. >> reporter: could be a couple of icy spots out there late, particularly north and west and we got the snow during the day anywhere between a trace and maybe two inches, if you have to the west of the city. let's go to the maps then, again, the system new winding down. you can see the last of it. there you go. pushing up now north and east of new york city. and still some leftover snow in
. >> thank you. >>> coming up in our war room finger pointing is coming from all sides. these fiscal cliff negotiations. which side will likely face the bulk of the blame if there is no deal. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. with a new project in mind, some how-to knowledge to give us an new years clutter is no match for someone with big ideas. edge, and more savings down every aisle. it only takes a few twists and turns for those bright ideas to make the new year even brighter. more saving. more doing. that's the power of the home depot. start fresh and save with hdx 20 gallon totes, a special b
be described as a stopgap proposal, one to avoid the full impact of the fiscal cliff. it will allow congress to again take another crack at finding some way to deal with spending cuts and tax reform. gerri: stay with us, rich edson. thank you so much for that report. turning now to our guests. it's up to harry reid and mitch mcconnell, the two leaders in the senate. trying to craft something. how likely is it that there would be a bill that passed the senate and house? after all, that is the problem we have had a long. >> well, first, we have not en any details of this package. we are talking completel off-the-cuff, but we know will not be at 250. i think carrie reed has problems from new york like dianne feinein of california, and 250 will be a big pill to swallow. this is a fiscal cliff that we can have 50 days, 60 days down the road. it does not fix the problem if you ill have these taxes on $250,000 and above. as rich edson said, this is going to be another deadline in congress has to have. i think everyone needs to get comfortable with the fact that we are going to have these kinds of s
. caller: thank you for taking my call. to me, the fiscal cliff is just a small smokescreen. the fiscal cliff that is coming is obamacare. nobody is addressing obamacare. i had to find out friday that we will be taxed 2.3% on any device used in any medical field we go to. my husband is a doctor. he wrote out a prescription for us for january, and he said, i do not know how much this will cost you a of pocket because of obamacare. he even said, my husband is over 70, he did not know how much water he would be able to help him because of obamacare. this is just a smokescreen. when people find out that not only will we be taxed on medical devices, but even our debt bills will be going up because of our animals -- this thing is a joke. you liberals out there, you'll be hit just as hard as the republicans. as the tea party warn you that this will happen. host: let's give the guys at the chance to comment on health care law and its place in this debate. guest: it is not part of the fiscal cliff. there is a tax increase because of health care reform act. it is not considered part of the fiscal
in spending right now. >> arthel: thank you very much. >> gregg: congress is not only facing a fiscal cliff, it's up a dairy clarify, if you will. the current farm bill is set to expire on new year's day. if an extension of that is not passed, the farm policies would revert to laws back to 1949 and cost of milk, that could skyrocket. back then the government used a formula to calculate dairy prices that is much more expensive than it is today. one option said to be on the table is short term extension that would prevent milk prices from rising. >> arthel: to other stories. a judge ordering a psychiatric evaluation for a woman suspected of shoving a man off a new york public is way platform. he was arraigned last night on murder and hate crime. she confessed to pushing a man in front of a moving train telling them, i hindus and muslims. co-worker was was behind due. >> gregg: two missing boys from georgia have been found in texas an amber alert was issued, ages nine and seven when they didn't come back from a visit from their dad on wednesday. somebody recognized the trio and caught up with
to midnight, we're counting down to the so-called fiscal cliff. if congress does nothing, taxes go up on everyone. mike emmanuel has more. >> reporter: lawmake -- lawmakers return to capitol hill in a last-minute attempt going over the fiscal cliff. congressional leaders are looking to avoid tax hikes on most americans but key disagreements on eptitlesments and tax rate thresh finds remain. president obama's original plan called for increasing taxes on families earning more than $250,000 now $400,000 could be a number on the negotiating table. >> the $400,000 level seems to me to be with about right. that represents about the top 1% of income earners in the country and is they got knee% of the growth and there is some flexibility there. >> reporter: the republicans say the u.s. is not facing's revenue problem. >> i feel like i'm a lifeguard and we have to save as many people from drowning and higher taxes as we can. >> reporter: in the weekly address to the nation, president obama urged congress to do something. >> we can't afford a politically self-inflicted wound to our economy. >>
americans and which would hit on january 1st. so the fiscal cliff, it might be even bigger than people realize. don? >> lisa, thank you very much. >>> we've got a lot more planned for you this saturday night. here's what else is ahead. as our lawmakers wrestle with u.s. gun violence, chicago hits an awful milestone. 500 murders this year and counting. what's to blame? a former gang member and chicago's police superintendent join me live. >>> plus, president obama could tap this republican to lead the defense department. but not everyone wants to see a secretary hagel. why some of the loudest voices with coming from his own party. >>> and 2012 is almost history. but what's the takeaway? comedian dean obeidallah schools us with his top ten lessons of 2012. >>> and also good news to tell you about a story we have been reporting on tonight. two missing georgia boys have been found safe in austin, texas. their father, the man who allegedly kidnapped them has been taken into custody. someone at a hotel recognized the boy from the amber alert and contacted police. much more in 30 minutes on t
days looks to be on thursday. >> ama: thank you. still to come, falling off the fiscal cliff. it's down to the wire. but will congress bow to president obama's pressure. >> and the i-team reveal while the state unemployment department won't answer your phone call when you knead the most help. >> the fight against the growing crime in oakland. what community leaders say >> ama: our breaking news from the south bay. san jose firefighters are battling a two-alarm fire in an important building -- an apartment building. firefighters say a second floor apartment is fully engulfed in flames. there's a report of one injury to a person suffering smoke inhalation. >> a family is grieving the loss of a father and son. the father tried to save his nine-year-old son who was overtaken by a wave. both victims were pronounced dead after rescuers recovered them off the shore. >>> san francisco police are looking for the man who robbed a woman, then killed her dog, last night. the 12-year-old pekingese was thrown on the street in front of traffic. a witness to the crime is offering a $1,000 reward to cap
. thanks. joining us for a closer look at the fiscal cliff negotiations, ron johnson, a member of the appropriations and budget committees in the senate. thank you for taking a break from a busy time to visit with us. >> thank you. >> i want to get a response from the comments to the president. he said that g.o.p. can't take yes for an answer. is there an offer that would have been acceptable to the house or the senate g.o.p.? >> not that i am aware. people throw the numbers around, like there is a deal, $1 revenue for $3 spending cuts, i have never seen those deals. senator harry reid should have made sure the senate passed a budget, sometime in the past 3 years and that would be reconciled with the house and you would have a framework, you know, a budget resolution that the committee -- the appropriations committee, the house ways & means committee, senate finance committee, they would have the instructions to work on the difficult problems npublic. have a public debate. we are down now to the 59th minute of 11th hour here and have you a couple of elected officials and unelec
tax. that is everything that would hit average americans. the fiscal cliff, it may be bigger than people realize. don? >> lisa, thank you very much. a lot of us would like to tell lawmakers what we think of them. here is your chance right now, go to our ireport.com and start a message and we will play them to congress on air. it's murder charges now for a new york city woman who we are told has confessed to pushing a man in the subway track to his death. these details are new and we are still gathering information. there is david, he is in new york. david, what has this woman confessed? >> she seems to have confessed to a hate crime, don, she has been charged with second degree murder in the case of this man who was pushed off the subway platform in queens on thursday. and the queens district attorney's office released this statement. it was a quote from her saying i pushed a muslim off the tracks, ever since they put down the twin towers i've been beating them up. this adds a twist to the case that riled new york. this is the second incident that has occurred at subway tracks in
. thank you. >> thank you, martin. >>> what going over the fiscal cliff means for you. for me. for all of us. we are monitoring the talks on capitol hill, the number two senator on the hill, dick durbin, joins us next. ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast. [ male announcer ] stop the uh-oh fast with kaopectate. >>> let's go back to dana bash monitoring developments on capitol hill. dana? >> that's right, martin, talking to democrats now coming out of their nearly two-hour meeting talking about the talks are and we now have the number two democrat in the senate, dick durbin from illinois. thank you very much. can you give us a reality check of where things stand and more importantly, if you really think that a deal can be done pie the clock striking midnight tonigh
of the looming fiscal cliff includes a painful dose of automatic spending cuts that would kick in just a few days from now. our military would be on the receiving end of a lot of it. a half trillion dollars in cuts over the next decade. it has a fancy name. it is called see -- sequestration. many warn of job losses and even the impact on the national security. now, the news on this from washington. >> harris, last friday when president obama rolled out his new plan for steering us away from the fiscal cliff there was a word he did not say. that word was sequester. it would cut $100 billion from the budget next year, half from domestic programs and half from defense programs. and now as the deadline draws close, experts are look at these cuts from a national security standpoint and warning one final time about their impact on the safety of our service members. >> it is going to affect the operational force that is deployed in terms of its you ability to maintain its equipment and get repair parts. that force is deployed around the world. it is not just the force in afghanistan that is being reduce
you very much. part of the looming fiscal cliff includes a painful dose of automatic spending cuts that would kick in just a few days from now. our military would be on the receiving end of a lot of it. a half trillion dollars in cuts over the next decade. it has a fancy name. it is called see -- sequestration. many warn of job losses and even the impact on the national security. now, the news on this from washington. >> harris, last friday when president obama rolled out his new plan for steering us away from the fiscal cliff there was a word he did not say. that word was sequester. it would cut $100 billion from the budget next year, half from domestic programs and half from defense programs. and now as the deadline draws close, experts are look at these cuts from a national security standpoint and warning one final time about their impact on the safety of our service members. >> it is going to affect the operational force that is deployed in terms of its you ability to maintain its equipment and get repair parts. that force is deployed around the world. it is not just the force
from the fiscal cliff. sources tell nbc news party leaders in the senate are drafting a small stop-gap plan. the question is whether minority leader mitch mcconnell and majority leader harry reid can draft a bill that will pass the house. any bill that does come up for a vote tomorrow or monday will likely not address massive spending cuts but lawmakers are trying to avoid tax increases for most americans. nbc's david gregory talked to president obama about negotiations today in an interview that airs on "meet the press" tomorrow. the president continues to be optimistic but he, i think, in part is doing the interview on "meet the press" because he wants to keep the pressure on republicans to get something done and made very clear in the course of the interview that there's a political cost to be paid if there is not a deal. you can see the full interview with the president from the white house tomorrow morning on "meet the press" at 10:30 right here on nbc 4. >>> some good news for former president george h.w. bush tonight. he's out of intensive care. the 88-year-old's been in the
in a little bit. joce. >> thanks. cliff hanger continues in washington tonight. democrats and republicans still wrangeling over left lation to avert the so-called fiscal clf tax increase and budget cuts set to go into effect january 1st. we have a report there's no sign of a deal yet. >> reporter: as senators convened in a rare sunday session, they heard this prayer from the senate chaplain. >> look with favor on our nation and save us from self- inflicted wounds. >> reporter: the clock is ticking towards the new year's eve midnight hour when tax hikes and budget cuts swoop down from the fiscal cliff. the two senate leaders harry reid and mitch mcconnell are work on a stopgap bill. >> at some point, the negotiating process, it appears that there are things that stop us from moving forward. i hope we are not there but we are getting close. >> i want everyone to know i am willing to get this done. but i need a dance partner. >> reporter: the legislation would prevent a tax increase for reveille 98% of the -- for roughly 98% of workers extend unemployment benefits and prevent a huge cut in p
want to tell congress about the fiscal cliff? we'll have your video messages. >>> the woman accused of pushing a man in front of a subway is now being charged with a hate crime. now she's saying why she did it. >>> wow, a plane crash caught on tape, the story. hind this dash cam video of an exact moment a jet slammed into an overpass. >>> it's sunday, december 30th, good morning, i'm allisison kos. randi kaye is off today. we're going to start this morning in washington where all eyes on capitol hill as lawmakers try to work out on a deal to avoid the fiscal cliff. the deadline is less than 48 hours away and as to whether they can get it done, the president says he's hopeful. >> i'm modestly ll lly optimis an agreement can be achieved. let's make sure that middle class families and the world economy aren't adversely impacted because people can't do their jobs. >> both houses of congress are meeting in a rare sunday session. the house an hour later at 2:00. our chief white house correspondent jessica yellin now with the look at a chance for a deal and what's on the table. >> alison,
you thought we were going to go over the fiscal cliff. now, we are in the midst of a lot of last ditch pa bargaining between the senate leaders reid and mcconnell. what do you think of the chances for a small deal in the next less than 48 hours to avoid the cliff? >> exceedingly good. i think people don't want to go over the cliff if we can avoid it. i think what have we accomplished? political victory for the president. he stood his ground and he will get tax rate increases. maybe not at 250 but on upper income americans and the sad news for the country s that we accomplished very little in terms of not becoming greece or getting out of debt. this deal won't affect the debt situation. it will be a political victory for the president and i hope we will have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe in asp republicans. but hats off to the president, he won. >> chris: you don't think some of the more conservative colleagues will filibuster or set up a procedural road block? they will vote to avoid going over the cliff? >> no,
gordon and stan colander. thank you for coming back. as we stand on the edge of the fiscal cliff right now, any chance that we do not go over? guest: that is pretty small. we are relying on the senate to avoid this -- to avoid a filibuster. then we are relying on the house who for the last several weeks could not take the lead. it is important to state that while the official deadline is december 31. they can continue to work until the new congress on january 3. we have more like three days for them to get something together. host: are we going over the cliff? what does it mean if we do? guest: in some sense, we're going over the cliff even if they reach a deal. when you look at the deal they have been talking about, there will still be a lot left for future decision making. even if they are able to extend tax cuts for the middle class and do not do much of anything else, you still have the haphazard dealmaking not touching any of the issues the parties said they were concerned about leading into the fiscal cliff. the payroll tax cut is going to expire. no one is talking about extendin
. >> republicans are firing back about how the grand ol' party is handling fiscal cliff negotiations. why they say the president needs to stop the blame game and start leading. fair and balanced debates when we come back. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> our continuing conference of the fiscal cliff in this special edition of the fox report. the saying during an interview today it's the house republicans to blocked any potential deal by refusing to accept tax hikes on the wealthiest americans. house speaker john boehner said, quote, americans elected president obama to lead, not cast blame. the president's comments to be are ironic as a theme of our negotiations was his unwillingness to agree to anyone that requires him to stand up to his own party. brad blakeman, former deputy assistant to george w. bush, debby dingle from mish michigan to talk about us.
illness. thank you both for being iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economist arthur lapert joins us to tell us how this game stamps.com is the best. i don't have to leave my desk and get up and go to the post ofce anymore. male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i hav exactly the amount of postage i nd, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail manicks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. pick your [bleep] up. you're not [bleep] sittin' here. yes, i am. [laughter] move. move. [laughter/indistinct chatter] bully: give it to him hard. no, no, no, oww. announcer: every day, kids witness bullying... boy: why are you stabbing me with it? no! announcer: they want to help, but dot know how. no! oww. ohh, you guys... announcer: teach your
over the fiscal cliff and now we are in the midst of a lot of last-ditch bargaining between the senate leaders, reid and mcconnell, what are the chances for a small deal in the next, less than 48 hours to avoid the cliff. >> exceedingly good. i think people don't want to go over the cliff, if we can avoid it. i think, whatever we accomplish, political victory to the president, hats off to him, he stood his ground and will get tax increases, maybe not 250 but upper income americans and the sad news is we have accomplished little, in terms of not becoming greece, that bill will not affect the debt situation and it will be a a political victory for the president and i hope we have courage of our convictions, when it comes to raise the debt ceiling to fight what we believe as republicans. hats off to the president, he won. >> chris: quick follow-up, before we turn to senator feinstein, you said you don't think your conservative colleagues in the senate will filibuster or set up a procedural roadblock, they'll vote to avoid going over the cliff. >> if mcconnell can't get 60% of us to vote f
by year end. the big concern i and my colleagues have is uncertainty. not just the fiscal cliff but the entire federal government, the entire regulatory world. whatever the result is of the fiscal cliff, there will be some large degree, my prediction, of kicking the can down the road. kicking the can down the road is the most typical part of any business. when you are sitting there trying to plan for what am i going to do in 2013 and beyond -- you really do not know what happened. you did not know what and with taxes, the regulatory world. banking is a highly regulated industry. it is very difficult and very frustrating. it comes down to leadershi it really does. whether the county executive or bring the governor or president, you have to figure out a way to be able to get people to compromise. not necessarily to agree, but to compromise. i deal with it all day. >> you do work with the banking committee closely especially on the senate side, you have been called to testify. the banking industry, what does the industry most need washington to do in order to enable growth in banki
us to the brink of the fiscal cliff. a little hard to take him at his neck? that's my "two cents more". that's it for tonight "willis report." thank you for joining us. don't forget to tape the show. if you can't testify. have a great night right now. >> biological tack is possible. >> swine flu panic grips the nation. >> climate change is killing people. >> the media says life is horrible. >> poverty has reached new depths. >> but the mea missed the big picture. >> i was only four when i saw my motherlode a washing machine for the first time. >> this is a wonderful word a getting better. his grandmother was thrilled by a washing machine. >> she sat down and watched the entire washing program. >> two, one, fire! >> the machines coming next or better thanks to competition. and they build school cars and spe ships. >> entrepreneurs do what only governments did before. >> maybe cities will be built on water flow from big government. >> this is outside the united states jurisdiction. >> life gets better because ideas have sex. >> wait, ideas have sex? >> yes. >> ideas spread. when they me
and fiscal cliff talks are at a standstill with neither side wanting to give ground at this point. >> trying to find a lining around that cloud, if there is one, and democrats and republicans are still talking. they are still trying to reach a deal to stop the spending cuts and tax hikes that are likely or possible to push our economy back into the recession if we go over the fiscal cliff. >> but ali, neither side is budging much. you have been reporting on it for the last couple of hours. friday though, president obama said that he was optimistic that the two sides could reach a deal. this morning, he sounded less positive though. >> if, you know, if people start seeing that on january 1st, this problem still has not been solved, that we haven't seen the kind of deficit reduction that we could have had, had the republicans been willing to take the deal they gave them, and if they say that people's taxes have gone up which means consumer spending will go down. >> and keep in mind that the senate is the first hurdle. any deal has to pass the house. we are not into the senate yet and the repub
from wyatt, the fiscal cliff also includes 1.2 trillion in mandatory spending cuts. congressional democrats and republicans agreed to these drastic cuts last year, to force both parties to the table on deficit reduction. if they can agree by monday at midnight, the following cut take effects. over the next nine years, the u.s. defense budget would be reduced by $455 billion. domestic programs would be slashed by 464 billion. 1,000 government programs face potential cuts, including three that directly impact air travel. john bentley has the story. >> reporter: long waits at airport security are nothing new. but if the u.s. government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hou
. thank you for coming back. stan, as we stand on the edge of the fiscal cliff, is there any chance we do not go over? guest: we are relying on a senate that has been dysfunctional and avoided a filibuster when it will be really easy for one or more senators who do not like tax increases to just filibuster round and we are relying on a house that could not take the lead. it's important to state that while the official deadline is the 31st, the true this congress can continue to worked until the new congress comes in january 3rd. we have more like three days. host: joshua gordon, are we going over the cliff? what will it mean if we do? guest: in some sense, we will even if they reach a deal. this is something when you look at the contours' of the deal that have been talking about, there will still be a lot left for future decision making. even if they are able to extend taxes for the middle-class and do not do much of anything else, it has still gone over the cliff. you still have sequestration to worry about down the haphazard dealmaking -- and the haphazard deal making. and you have tax
the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended and they're all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up and we're seeing signs of recovery in housing and employment numbers improving. so what congress needs to do first and foremost, is to prevent taxes from going up for the vast majority of americans. and this was a major topic of discussion throughout the campaign. what i said was, t
the fiscal cliff in just hours, time is running out for congress to make a deal. and what a difference a day makes. on thursday, things looked bleak. >> speaker boehner is unwilling to negotiate we have not heard a word from leader mcconnell. nothing is happening. >> we wanted an agreement, but we had no takers. >> o'donnell: it took a trip to the white house and a package scolding from the president. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> o'donnell: but by week's end, senate leaders agreed to make a last-ditch effort to get a deal. >> so i'm hopeful and optimistic. >> i'm going to do everything i can. i'm confident senator mcconnell will do the same. >> o'donnell: we'll have the
to be here. thank you. >> the obvious question, are we going to go over the fiscal cliff? >> we'll find out in the next 48 hours what congress will decide to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended, and they are all about to expire at the end of the year. so on midnight december 31, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they are less likely to hire, and the whole economy could slow down at a time when the economy is actually starting to pick up. we are seeing signs of recovery in housing and in employment numbers improving. and so what congress needs to do, first and foremost, is to prevent taxes from going up for the vast majority of americans. and this was a major to
election, the fiscal cliff, jobs of the future, and even a few movie stars. we wanted to take a few minutes to highlight the best of 2013. this is the year that was and thank you for sharing it with me. >> i wish the people had more rational conversation to collaborate to how we can make the country grow faster, create jobs and create opportunity. >> america's always thinking it's in decline. the decline is by people left, right, and center. it's almost like a publishing craze. not quite "50 shades of gray" or sexy, but, still -- >> the biggest priority for the united states right now is getting recovery going at a rate that is rapid enough to produce sustained reductions in unemployment. >> under current law, on january 1st, 2013, it's going to be a massive fiscal cliff of large spending cuts and tax increases. >> find some way to avoid the fiscal cliff, to avoid doing anything that would contract the economy now. >> does that mean extending the tax cuts? >> the real issue is not whether they should be extended for another few months. the real issue is whether the price the republican hous
. president, i guess the good news is that i'm rising today not to speak about the fiscal cliff, but what i'm speaking about is not good news because it deals with the tragic events that occurred in benghazi, libya, on september 11 when terrorists took the lives of our ambassador chris stevens and three other brave americans who were serving us there. mr. president, i rise today along with the ranking member of the homeland security and governmental affairs committee, senator collins, to submit for the record the report that she and i have been working on with our staffs and other members of the committee following those events in libya. we called this report flashing red, a specialist report on the terrorist attack in benghazi. flashing red was a term that was used in conversation with us by an official of the state department, and it couldn't have been more correct. all the evidence was flashing red that we had put american personnel in benghazi in an increasingly dangerous situation with violent is slammist -- violent islamicist extremists having occurred there with attacks on our missio
it is the fiscal pain we may be undertaking soon. the developments on the fiscal cliff. coming up, two top senators will tell us what we could expect and where the talks are if there are any. >> what could happen. we'll see. and russian president vladimir putin putting adoptions on hold for hundreds of american families. this is heart breaking. we will introduce you to a family whose plans to bring home their 4-year-old are now on hold. >> big news for people suffer ising from cataracts. how a new technique could give some people the gift of sight. the doctors are in on sunday house call just about 12 minutes from now. [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protect
. >> have a happy, healthy and prosperous new year. >> heather: thank you very much. >> thanks for having me. >> eric: let's face it -- we're broke! so says house majority leader john boehner. what does the fiscal cliff really mean for us? you know, any deal will likely not address the deficit. so what we can expect from lawmakers, after the deadline is over. we will take a look at that. >> heather: a few more arguments. russian president vladimir putin is putting adoptions on hold for american families, like this boy, four years old. his future is on hoild because the president of russia says so. what his american abts adoptive parents have to say to putin. i have a cold, and i took nyquil, but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from gen
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